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Monday, the state House debated HF 2795, a bill to allow greater reach for the local horse track racing industry. The most dedicated of the House republicans are arguing in favor of the bill using arguments claiming impact on agriculture and job loss. They're playing the doomsday card. In short, they're "too big to fail".

These are the same people who are disrupting the efforts to build a new Vikings stadium. Loss of the Vikings would pose a far greater negative impact on Minnesota's economy and state budget (and carries a bigger price tag to resolve).

Canterbury Park started off with a few good years, but has struggled and begged favors from the State for most of the 30 years it has been around.

Their biggest shtick just now is wanting to broadcast races to the Indian casinos. Because they cannot draw enough people to keep the purses attractive, they are now trying to profit from someone else's customer base.

Live track horse racing has never really had more than a small audience in Minnesota, but they have big political connections. This is an industry that has been propping up for decades. This is picking winners and losers. The republicans call it the freedom to expand a business and create jobs.

All the proper buzz words.

No need for all of the proper committee review. No need for all the proper research. Never mind that a business agreement would require a contract binding under the laws of both the Indian Nations and the State of Minnesota. Just claim exclusive jurisdiction for the State.

Never mind that gaming is wealth redistribution, not wealth creation. Never mind that this defies the publicly stated principles of conservatism. You won't hear "let them fail" around here, because this is crony capitalism at work. This is why capitalism is failing America.

This is why republicans are such phonies.

"hypocrisy" has lost it's significance, like a pencil that has been worn to the stub.

They're not that bright, either. Much as they want to use expanded gaming to prop up Canterbury Park, they also want to use expanded gaming in other locations to pay for the state's slice of the new Vikings stadium. They are concerned that electronic pull tabs won't bring in enough revenues, but they haven't said anything about a basic law of supply and demand: when supply goes up, profits go down. By going to the gaming well too often, they dilute the effectiveness of it. Self-defeating might be another way of describing it.

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Comment Preferences

  •  Tip Jar (0+ / 0-)

    Supply follows consumption. You cannot stimulate consumption by crushing the consumer. Deal with it.

    by Zera Lee on Wed May 02, 2012 at 05:39:46 AM PDT

  •  I thought this might be about (0+ / 0-)

    the MN GOP bankruptcy.

    Canterbury park, though, definitely should die if it can't survive on its own.

    We have just enough religion to make us hate, but not enough to make us love one another. -- Jonathan Swift

    by raptavio on Wed May 02, 2012 at 06:07:21 AM PDT

  •  This is about a handful of millionaires (1+ / 0-)
    Recommended by:
    Zera Lee

    who want to get even richer through everyone else's taxes.

    Ironically, Louisville, KY, had a similar problem a while ago.  A couple of local poohbahs wanted to buy their own professional team but they first needed a new football staduim built downtown at taxpayer expense.  The Courier-Journal quoted one of those dumbasses saying "We think it's time Louisville was known for its own major sports team" or something.  WTF, dude?  Ever hear of that little thingy called the Kentucky Derby?  The paper got letters that were overwhelmingly against.  The issue quietly went away.

    BTW, Kentucky is prime thoroughbred country because of its limestone bedrock and hard water.  Limey water=calcium=strong bones.  That's why some of the best race horses in the world are bred in the Lexington area.  Minnesota?  News to me.

    Never meddle in the affairs of cats, for they are subtle and will piss on your computer.--Bruce Graham

    by Ice Blue on Wed May 02, 2012 at 06:46:52 AM PDT

    •  I think a few enthusiests tried to manufacture (1+ / 0-)
      Recommended by:
      Ice Blue

      a horse-racing industry where it isn't really part of the culture. They estimated that customers would wager $28/race, on average, but it's more like $6 in practice.

      Minnesota has its hard water too, but I think that the horse breeders here are really just gentlemen farmers with delusions of grandeur.

      Supply follows consumption. You cannot stimulate consumption by crushing the consumer. Deal with it.

      by Zera Lee on Wed May 02, 2012 at 11:44:30 AM PDT

      [ Parent ]

  •  For the last 20 yrs or so, when I hear (1+ / 0-)
    Recommended by:
    Zera Lee

    "Canterbury", my reaction is "huh? I thought they went bankrupt years ago?"--

    "If you are sure you understand everything that is going on around you, you are hopelessly confused." Walter Mondale

    by klompendanser on Wed May 02, 2012 at 07:25:13 AM PDT

  •  They should have made it a stadium site years ago. (0+ / 0-)

    I always thought that they should have located a stadium for the Vikings there...They already had infrastructure/ parking etc in place...

    The problem of course is that the stadium would have been in Shakopee instead of MPLS.

    Canterbury Park is only about 4 miles from Little Six and Mystic Lake Casino.....

    That would have made sense to place major events in a cluster...

    •  The major sports facilities *are* in a cluster. (0+ / 0-)

      The Vikings, Twins, Wild, and Timberwolves are all in the same general area. They are also close to the airport, light rail, hotels, and the convention center. Also close to the Lynx, the "U", the St. Paul Saints, and the Blaine soccer complex.

      I would have liked to see the armory put back into productive use, but I don't think I would go all the way to Shakopee to see the Vikings. It takes nearly an hour for me to get there even on a good day. And that's only to the Shakopee exit. I think that they would benefit a lot from a light rail line. The whole 394 corridor would, for that matter.

      Supply follows consumption. You cannot stimulate consumption by crushing the consumer. Deal with it.

      by Zera Lee on Wed May 02, 2012 at 11:25:58 AM PDT

      [ Parent ]

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